COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Recent Developments in the Crypto Market and the Analysis of Solana, Chiliz, and Avax
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Recent Developments in the Crypto Market and the Analysis of Solana, Chiliz, and Avax
Altcoin News

Recent Developments in the Crypto Market and the Analysis of Solana, Chiliz, and Avax

In Brief

  • Recent developments in the cryptocurrency market have led to the rise of many altcoins. Especially with the positive news flow expected from Bitcoin and Ripple, the altcoin market experienced a revival in a short period of time. Meanwhile, Bitcoin’s price hitting the $35,000 resistance level caused the money flow in the market to shift towards […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Recent developments in the cryptocurrency market have led to the rise of many altcoins. Especially with the positive news flow expected from Bitcoin and Ripple, the altcoin market experienced a revival in a short period of time. Meanwhile, Bitcoin’s price hitting the $35,000 resistance level caused the money flow in the market to shift towards altcoins. So, what’s happening with Solana, Chiliz, and Avax, which are in the basket of Turks? Let’s take a closer look.

Contents
Solana Technical AnalysisChiliz Technical AnalysisAvax Technical Analysis

Solana Technical Analysis

After the weakening of the upward momentum on the four-hour chart, a triangle formation has been formed in Solana. The breakout of the resistance in this formation structure allows the price to gain significant momentum. However, the breakdown of the support level disappoints many investors. The fact that the price remains below the EMA 7 and EMA 200 averages in recent bar formations highlights a short-term negative scenario.

The support levels to be watched for Solana on the four-hour chart are respectively 38.57 / 34.91 and 31.24 dollars. Especially, a bar closing below the $38.57 level would cause the formation to work negatively and the price to fall. The resistance levels to be followed for Solana are respectively 44.58 / 48.18 and 52.92 dollars.

Chiliz Technical Analysis

Chiliz continues to please its investors with its recent rise. After the failure in the Layer-2 project, CHZ experienced a significant loss in value but managed to break the resistance in the rising channel formation on the four-hour chart. The support line working as support after this breakout will help strengthen the upward movement.

The support levels to be watched for CHZ on the four-hour chart are respectively 0.07820 / 0.07719 and 0.07613 dollars. In particular, a four-hour bar closing below the $0.07719 level could initiate a movement process within the formation structure. The resistance levels to be watched for CHZ are respectively 0.08053 / 0.08179 and 0.08333 dollars.

Avax Technical Analysis

The Avax team continues to maintain its silence amidst recent developments. While Solana, one of the Layer-1 projects, experiences a significant rise with positive news flow, Avax lags behind in this regard. The return of Avax to the highest levels in recent months accelerates the momentum of the rise.

The support levels to be watched for Avax are respectively 12.69 / 12.44 and 12.19 dollars. In particular, a bar closing below the $12.19 level would result in a formation breakdown. The resistance levels to be followed for Avax are respectively 13.15 / 13.53 and 13.98 dollars.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Seize Opportunities in the Crypto Market with Strategic Investment Approaches

Bitcoin Drives Altcoins to New Heights: Market Surge Analysis

Pi Coin Surges Dramatically, Capturing Market Attention

Crypto Boom: Bitcoin Surges Amid Dramatic Market Shifts

Ethereum Outshines Bitcoin with Impressive Surge

COINTURK NEWS 6 November, 2023 - 9:49 pm 6 November, 2023 - 9:49 pm
Share This Article
Facebook Twitter
Share
Previous Article A Promising Future for Litecoin: Will LTC Recover its Losses?
Next Article How to Buy Synthetix Network Token?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Surges as the Dollar Index Weakens
Bitcoin (BTC)
Seize Opportunities in the Crypto Market with Strategic Investment Approaches
Altcoin News
Bitcoin Drives Altcoins to New Heights: Market Surge Analysis
Altcoin News
Pi Coin Surges Dramatically, Capturing Market Attention
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?